Online silent auction software from one source has a major focus on what or who keeps the organisation moving.
A great pastime for visitors and a fantastic source of funding for your campaign, silent auctions are a win-win. You must have clear guidelines in place for your silent auction in order to run a smooth event and maximise profits.
The donor experience is enhanced and onsite hassles are decreased when there are clear guidelines for the silent auction, from bidder registration to auction protocols to visitor checkout. Every organisation needs clear regulations for your guests to guarantee that everything runs properly in order to make your silent auction a success.
Requirements for silent auctions
- Rules for bidder registration:
Before your guests begin bidding in the silent auction, explain the regulations during registration. Each participant should be required to read and accept the rules and regulations before registering. Offer a written version of the rules. Set up volunteers all over the room to respond to inquiries.
- Rules of the bidding process:
The secret to an outstanding attendee experience is a seamless bidding process. Before the auction starts, be careful to specify:
- length of time the auction is active.
- when final offers are due.
- How to implement minimum bid requirements
- How many minimum bid increments are currently in use?
- Rules for auction items:
Keep in mind to add guidelines for the silent auction items offered at your event, such as:
- Items that may be changed: Items may be removed or added without prior notice.
- Final sales only: No returns are accepted, and everything is offered as is. All sales are final.
- No refunds: There are no post-purchase returns. Once an object has been claimed, it becomes the guest's responsibility.
- Possible restrictions: Availability and black-out dates apply to gift cards and certificates.
- Bids closing rules:
Establishing these guidelines can help your silent auction end well. After the auction is deemed closed, no more bids can be made. The item is won by the bidder who makes the highest qualifying bid, or the one that meets your established criteria for a silent auction.
Offering a wide range of auction products in auction packages will draw in bidders and increase your fundraising income. These consist of overseas travel, plays and concerts, golf and skiing, safaris, spa getaways, and more. which is best? These are all without risk. Pay for only the packages that bring in money.
